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The future worth (F) of the current investment (P) given that the interest (i) is compounded can be calculated by the formula,
F = P x (1 + i)^n
where n is the number of years. Substituting the given values to solve for P,
1000 = P x (1 + 0.115)^6
The value of P is approximately $520.42.
Answer:
602.
Step-by-step explanation:
22247 divided by 37 is 602.
Answer:
3/10
Step-by-step explanation:
generally, "of" means "multiplication".
thus, 1/2 * 3/5 = 3/10 (or 0.3)
Answer:
b
Step-by-step explanation:
they have the same constant rate of change
